Deals of the Day: The Fed Rejects BofA’s Dividend Boost

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. Deal Journal’s homepage is http://blogs.wsj.com/deals. You can see real-time updates of our posts and our favorite deal-related articles on other Web sites through our Twitter feed athttp://twitter.com/wsjdealjournal.

The Trial of Raj

Blankfein to take the stand: Prosecutors are trying to prevent Raj Rajaratnam’s defense team from trying to discredit Goldman Sachs Group Chief Executive Lloyd Blankfein as a trial witness with questions about government investigations into the bank. [WSJ]
Related: Prosecutors are trying to prevent Raj Rajaratnam’s defense team from trying to discredit Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein as a trial witness with questions about government investigations into the bank. [WSJ]
Related: A Galleon Group founder Raj Rajaratnam shouldn’t be allowed to use conversations with a trader at his hedge fund that were secretly recorded by a cooperating witness as part of his defense against insider-trading charges, federal prosecutors said in a filing late Monday. [WSJ]

Mergers & Acquisitions

AT&T’s proposed acquisition of T-Mobile USA hits a lot of hot buttons in Washington, including worries about U.S. competitiveness and the Obama administration’s push to expand broadband Internet access. [WSJ]
Related: Jamie Dimon is leading the industry by financing a $20 billion loan to AT&T, cementing his firm’s spot as the top U.S. M&A bank over Goldman. [Bloomberg]
Related: Another investor question arising from Monday’s megamerger—which plumbers will AT&T go with? [Heard on the Street]
Related: Who will Sprint Nextel Corp call next? [Reuters]

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